Needham Maintains Buy on NeoGenomics, Lowers Price Target to $19
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Mike Matson maintains a Buy rating on NeoGenomics (NASDAQ:NEO) but lowers the price target from $24 to $19.

April 30, 2024 | 5:17 pm
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NEUTRAL IMPACT
Needham maintains a Buy rating on NeoGenomics but lowers the price target from $24 to $19.
The adjustment in price target by Needham reflects a revised valuation outlook for NeoGenomics, while the maintenance of a Buy rating indicates continued confidence in the company's fundamentals. This mixed signal could lead to short-term price volatility as investors reassess their valuation models based on the new target price. However, the continued Buy rating suggests underlying strength in the company's business model or growth prospects.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100